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Wednesday, December 11, 2024

Argentina ends deficit for first time in 123 years…

 

Dour looking group taking a victory lap:



Their equity market index responding favorably….



But they have been drastically reducing their risk free rate at the same time:







6 comments:

  1. Congress, maybe even Trump (and Elon, for sure) will look at Argentina and say, "We gotta do that too!"

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  2. We need to be pointing out when the party stops. Eventually they will hoover up the Peronist over-expansion and start hitting bone.

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  3. Their rate of poverty has been going up while this going on Neil…

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  4. https://www.theguardian.com/world/2024/sep/27/poverty-rate-argentina-milei

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  5. I guess the idea is that these people will get a job in AI… 🤔

    ReplyDelete